⚡️IMI's article 'Reasons for Bitcoin as a Reserve Asset' is worth a look. From a neutral standpoint, it organizes the current financial system —
1⃣ Why are global central banks beginning to recognize Bitcoin's potential as the allure of the dollar wanes and the limitations of gold become apparent?
2⃣ Especially under the context of geopolitical tensions, capital controls, and high inflation, the characteristics of decentralization, anti-sanction, no default, and low correlation make Bitcoin's unique hedging value particularly scarce.
3⃣ The academic community acknowledges that despite Bitcoin's extreme short-term volatility, a 2–5% allocation of Bitcoin may be acceptable from a portfolio diversification and optimization perspective, and various institutions and countries are gradually testing this.
Many people who read this article might get excited: Is this an official article? Does this mean a shift towards #Bitcoin for China?
Let's get to the conclusion: Wake up, it's impossible!
IMI is an academic research institution under Renmin University of China, part of the top domestic financial academic think tank system, but essentially it is just an academic institution; articles, research, and viewpoints do not equal government stance.
Analyzing El Salvador does not mean China will learn from El Salvador.
Criticizing dollar hegemony does not mean promoting the rise of the renminbi or Bitcoin.
Academic observation does not equal policy intent.
The Chinese government's consistent policy stance on Bitcoin —
1) Clearly prohibits individuals and institutions from conducting Bitcoin and other virtual currency trading, settlement, and mining activities within its borders.
2) Strictly regulates the direct linkage between the financial system and virtual currencies to prevent capital outflow, money laundering, and financial risks.
China's monetary strategy core remains dominated by the digital renminbi (CBDC), prioritizing financial security and maintaining capital control. What is Bitcoin in the eyes of domestic policy? It is seen as high risk, capital outflow, and regulatory trouble, not a reserve tool.
This will not change in the short term!
But it doesn’t matter; as long as you understand the flow of global capital, comprehend the changes brought about by de-dollarization and disintermediation, and position yourself wisely in advance, you will have the chance to claim your share in the future.
Never fantasize about a sudden regulatory shift or policy relaxation; we should focus more on: which forces are accumulating on-chain, which funds are changing tracks globally...
Many important trends often exist long before they receive official recognition; they have been quietly happening and reshaping global liquidity and asset distribution.
So, slow down a bit, be steadier, have fewer emotions, and more judgment. This is the only way for ordinary people like us to survive in the long term amidst infinite inflation.
If you're interested, you can read the original text:
